Triterras, Inc. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Loan receivables

Loan receivables

12 Months Ended

Feb. 28, 2022

10	Loan receivables

	As of February 28, 2022			As of February 28, 2021
	US$			US$

Gross loan receivables		4,666,103			—
Less: Impairment loss on allowance of loan receivables		(10,732	)		—
Net loan receivables		4,655,371			—

The loan receivables are unsecured loans and advances. The term of the loan receivables and rate of interest varies from customer to customer based on the risk assessment. Tenure of loan receivables range from 14 days to 120 days and the rate of interest of approximately 11% per annum.

The movement in the impairment loss allowance of loan receivables during the year is as follows:

	Non- credit impaired			Credit impaired		Total
	US$			US$		US$
As of February 28, 2021		—			—		—
Assumed from business combination		13,986			—		13,986
Impairment loss recognised		191			—		191
Written off		(3,445	)		—		(3,445	)
As of February 28, 2022		10,732			—		10,732